"As a result of your tremendous work, we have received more than
a few "over the transom" indications of interest to buy Forbes
Media. The frequency and serious nature of these
overtures have brought us to a decision point. We're organizing a
process to test the waters regarding a sale of Forbes Media. We
have hired Deutsche Bank to represent us, and we expect interest
from numerous suitors," Forbes' CEO Mike Perlis said
in the
internal memo posted by Capital New York.

According to Bloomberg News, Forbes wants at least $400
million.

The bi-weekly finance/investing magazine has been around
since 1917. The publication is well-known for its lists
ranking the richest people in the U.S. and the world.